Many years ago, the "Internet +" model came into people's lives, times change, technology leaps forward, now "blockchain +" has also appeared in our vision, and gradually become a reality.
In order to understand how blockchain creates trust and cooperation mechanisms, it becomes clearer to drill down into specific application scenarios.
1, witness
The "immutable" feature of blockchain provides a solution to the "storage" problem in economic and social development.
As long as it can ensure the authenticity of information and data on the chain, blockchain can solve the problem of "storage" and "verification" of information. At the same time, because blockchain records all transaction information, the blockchain itself can form credit investigation, providing a new idea for the realization of social credit investigation.
2, share,
The "distributed" characteristics of blockchain can break through the "data barrier" between departments to achieve information and data sharing.
Different from centralized data storage, information on blockchain is distributed to each node in the form of point-to-point broadcast, and all information is "truthfully recorded" through "whole-network witness".
3, trust
Trust is the cornerstone of market economy operation, but also a scarce product. Many problems in economic development are difficult to solve, largely because of lack of trust, high transaction costs and high risk of default. Blockchain forms a "consensus mechanism", which can solve the problem of information asymmetry and truly realize the transformation from "information Internet" to "trust Internet".
4, collaboration,
Blockchain, through "smart contracts", can achieve cooperative trust between multiple entities, thus greatly expanding the scope and depth of human cooperation.
Market economy is a complex system, and many actions involve complex actors. How to achieve efficient coordination among multiple actors is a common problem for economic development. By applying blockchain to global trade, all parties can cooperate and manage at the same time to ensure that all information is shared electronically and in real time, thus improving coordination efficiency and reducing communication costs, so that various subjects with a high degree of dispersion can still effectively cooperate.
In general, blockchain creates value by creating trust. Blockchain creates trust because the information and data stored in it cannot be tampered with and can be witnessed across the network, making trust automatic and peer-to-peer without endorsement by third parties. Blockchain promotes collaboration because distributed data allows information to be shared among all nodes, while smart contracts can coordinate the actions of both parties.